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2021-05-31-accounts

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Description ofthe charity's trusts
Type ofgoverning
document		 Deed ofTrust dated 1"June 2013and Supplemental
Deed ofTrust dated
23"'February 2014
How the charity is constituted Trust
Trustee selection methods By the Trustees'
resolution
Additional
governance
issues (Optional
information)
You may choose to include
additional
information,
where
relevant,
about:
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policies and procedures
adopted for the induction
and
training
oftrustees;
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the charity's
organisational
structure
and any wider
network
with which the charity
works;
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relationship
with any related
parties;
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trustees'
consideration
of
major risks and the system		 1. Meetings
are held every quarterly
by the Trustees
to discuss and
review
strategy,
planning,
developments,
financial
and
administrative
matters
2.
All trustees
have been provided
with guidance
notes produced
by
the Charity
Commission
3. Specific activities
have
been
delegated
in areas
of accounting,
religious
and
cultural
activities,
donations,
youth
activities,
food
preparations
and projects
4.
Structure
and
delegation
processes
have
been
instigated
to
promote
and encourage
the skills
and for the charity to strengthen
its skill base
5. The Trustees
have a duty to identify
and review the risks to which
the charity
is exposed
and to ensure
appropriate
controls
are
in
place at all times.
6.
The
Trustees
take
professional
advice
as
and
when
required.
and procedures
to manage
them.
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Summary ofthe objects ofthe
charity set out in its
governing
document		 The advancement
ofthe Swaminarayan
denomination
ofThe Hindu
Religion for the public benefit
in particular
by:
a) helping
aspirants
to achieve spiritual
enlightenment
by becoming
'Brahmaswarup'
and serve 'Parbrahmaswarup'
by reference to the
teachings
of his Divine Holiness Pappajimaharaj.
b) advancing
and propagating
the Swaminarayan
denomination
ofthe
Hindu
religion amongst
its members
and the wider public with particular
reference to the teachings
and principles of Lord Swaminarayan
and
Gunatitanand
Swami.

Restricted
Recommended
categories		 by Unrestricted income Endowment Prior year
activity funds funds funds Total funds funds
E 2 2 2 2
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations
and legaees		 104,848 104,848 99,806
Investments 17,430 I7,430 8,540
Total 122;278. 108,346
Resources expended (Note 4)
Expenditure
on:
Raising funds 14,523 14'523 9,779
iaritable
activities		 14,940 14940 34,815
Separate male riat item of expense
Other 34,049 34,049 2,788
Total 63„512 63,512 . 47,382
Net income/(expenditure) before investment '
gains/(losses) . 56„766 . 58,766::, 60,964
Net gains/(losses)
on investments
Net income/(expenditure) :56,788 '58;766 60,964
lvet movement in funds 58,766 58,766 60,964
Reconciliation
offunds:
Total funds brought
forward
Total funds carried forward		 374,444
"',433210		 374;444
'433,2'I0'		 313,480
374444

Restricted
Unrestricted income Endowment Total this Total last
funds funds funds year year
6 2 E E 2
F01 F02 F03 F04 F05
2,938 2,938 3,477
2,938 2,938 3,477
150,000
433,247 433,247 223,21 7
„-,433;247 433;247' 373,217
2,975 2,975 2,250
'430,272 430,272 370,967
,2 0, ' 33,2 0 374,444
Total net assets or liabilities Total net assets or liabilities Total net assets or liabilities 433,210 433,210 374,444
Funds of the Charity
Unrestricted funds 433,210 433,210 374,444
Total funds ':433,210 433,210 374,444
Signed hy one or two trustees on behalf of sll Date of
the trustees Signature Print Name approval
dd/mm/
Miss Shlia Po at 03/02/2022
Dr Naina Visani 03/02/2022

Note 2 Accounting
policies		 Accounting
policies
2.2 INCOME
This standard list o/accounting po/icies has been appked by the charity except forlhasa
licked
"No"or "N/a"
n/here		 a
di//erenl or additional policy hae been adopted than rhis is detai/ed
in the box below.
Recognition of income These are included
in the Statement
of Financial Acsvities (SoFA) when:
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the charity becomes entitled
to the resources;
it is more likely than not that the trustees
will receive the resources; and		 Yes No N/a
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the monetary
value can be measured
with sufficient reliability.
There has been no offsetting ofassets and liabilities,
or income and expenses,
unless		 required or Yea No N/a
Offsetting permitted
by the FRS102SORP or FRS 102
Yes No N/s
Grants and donations
are only ncluded
in the SoFA when the general income
Grants and donations recognition
criteria are met (5.10to5.12 FRS102SORP)
In the case ofperformance
related grants, income must only be recognised
to the extent		 Yes No N/a
that the charity has provided the specified goods or services as entitlement
to the grant
only occurs when the performance
related conditions are met (5.16FRS102SORP).
Legacies Legacies are included
in the SOFA when receipt is probable, that is, when there has
been grant ofprobate,
Ihe executors have established
that there are sufficient assets in
the estate and any conditions
attached
lo the legacy are either within the control ofthe
charity or have been met.
Government grants 1he charity has received government
grants
in the reporting
period
Giff Aid receivable
is included
in income when there is a valid declaration
from the
Tax reclaims on donor.
Any Gift Aid amount
recovered
on a donason
is considered
to be part of that gilt
donations and gitts and is treated as an addition to the same fund as the initial donation
unless the donor or
the terms ofthe appeal have specified otherwise.
Contractual
Income
performance
related
grants
Donated goods		 and This is only included
in the SoFA once the charity has provided
the related goods or
services or met the performance
related conditions.
Donated goods are measured
at fair value (the amount for which the asset could be
exchanged)
unless impractical
to do so.		 CCQ
CUD
The cost of any stock ofgoods donated
for distribution
to beneficianes
isdeemed
to be
the fair value ofthose giffs at the bme of their receipt and they are recognised
on receipt.
In the reporting
penod
in which the stocks are distributed,
they are recognised as an
expense atthe carrying
amount ofthe stocks at distnbulion.
Donated goods for resale are measured
at fair value an initial recognition.
which is the
expected proceeds fram sale less the expected costs of sale, and recogrxsed
in 'income
from other trading
acgvities'
with the corresponding
stock recognised
in the balance
sheet.
On its sale the value of stock ischarged against 'Income from other trading
activities' and the proceeds from
sale are also recognised as 'Income from other trading
activities'.
Goads donated
for ongoing use by the charity are recognised as tangible
fixed assets
and included
in the SoFA as incoming resources wtien receivable.
Giffs in kind for use by the charity are included
in the SoFA as income from donations
when receivable.
Donated services and Donated services and facilities are included
in the SOFA when received at the value of
facliities the gift to the chaiity provided
the value ofthe gift can be measured
reliably.
Donated services wid facilaies that are consumed
immediately
are recogmsed as
income with an equivalent
amount
recognised as an expense
under Ihe appropriate
heading
in the SOFA.
Support costs The charity has incurred
expenditure
on support costs.
Volunteer help The value of any voluntary
help received is not included
in the accounts but is described
in the trustees'
annual
report.		 Yes No N/a
v'
Income
royalties		 fram interest,
and dividends		 This is included
in the accounts when receipt is probable and the amount
receivable can
be measured
reliably.		 es
No
N/a
CEO
Income from membership Membership
subscriptions
received
in the nature
ofa gift are recognised
in Donations
subscriplions and Legacies.
Membershiri
subscriptions
which nives a member
the rioht to buv services or other		 es No N/a

benefits are recognised as income earned from the provision
ofgoods and services as
income from chantable
activices.
Settlement
claims		 of insurance Insurance
claims are only included
in the SoFA when the general
income recognition
criteria are met (5.10to 5.12FRS102SORP) and ere included as an item ofother
income
in the SoFA.		 CZCI
Investment
losses		 gains and This mcludes
any realised or unrealised
gains or losses on the sale of investments
and
any gain or loss resulting
fram revaluing
investments
to market value at the end ofthe
year		 CCD
2.3 EXPENDITURE AND LIABILITIES
Liability recognition Liabiligies are recognwed
where
it is mare likely than not that there isa legal or		 Yes No N/a
constructive
obligation
committing
the chanty to pay out resources and the amount ofthe		 v'
oblrgation
can be measured
with reasonable
certainty.
Governance
costs		 and support Support costs have been allocated between
governance
costs and other support
Governance
costs comprise
aff costs involving
pubkc accountability
ofthe charity and its
compliance
with regulation
and good practice.		 CCD
Support costs mclude central functions
and have been affccated tc activity cost		 Yes No N/a
catsgcnes
ons basis consistent
with the use oi resources, eg agocakng
property costs
by floor areas, or per capita, staff casts by the time spent and other costs by their usage.		 v'
Grants with performance Where the chanty gives a grant with conditions
for its payment
being a specific level of
service or output to be provided,
such grants are only recognised
in the SoFA once the
recipient ofthe grant has provided
the specified service or output.		 es
No
N/a
EZO
Grants payable without
performance
conditions		 Where there are no conditions
attaching
to the grant that enables the donor charity to
realistically
avoid the commitment,
a liability for the full funding
obligation
must be
recognised.		 CDZ
Redundancy cost The chanty made no redundancy
payments
during
the reporting
period.		 Yes No Nra
Oeferred income No matenal
item ot deferred income has been included
in the accounts.		 Yes No N/a
Creditors The charity has creditors which are measured
at settlement
amounts
less any trade
cliscouilts
Provisions for liabilities A liability is measured
an recognitron
al its historical cost and then subsequently
measured
al the best estimate ofthe amount
required to settle the obligation al the		 Yes No N/a
reporting
date
Basic financial
instruments		 The chanty accounts for basic finanaal
mstruments
on initial recognition
as per
paragraph
11 7FRS102SOAP
Subsequent
measurement
is as per paragraphs
I \ 17
to 11.19.FRS102SOAP		 Yes No N/a
2.4ASSETS
Tangible fixed assets for Ttiese are capilalised
if they can be used for more than one year, and cost at least
use by charily Yss No N/a
They are valued at cost.
The depreciation
rates and methods
used are disclosed
in note 9,2.
Intangible
fixed assets		 The charity has intangible
fixed assets, that is, non-monetary
assets that do not have		 Yea No N/a
physical substance
but are identifiable
and are controlled
by the charity through
custody
or legal rights.
The amortisation
rates and methods used are disclosed
in note 9.5
as No N/s
Tiiey are valued at cast.
Heritage assets The charity has hentage assets, that is, non-monetary
assets with historic, artistic,
saentific, technological,
geophysical
or environmental
qualities
that are held
and
maintained
pnncipagy
for their contribution
lo knowledge
and culture.
The depreciation
rates and metiiods used as disclosed
in note 9.6.14.		 CCQ
They are valued at cost.
Investments Fixed asset investments
in quoted shares, traded bands and similar investments
are
valued at inrtiaffy at cost and subsequently
at fair value
/their market value) at the year
end. The same treatment
is appked
to unlisted
mvestments
unless fair value cannot be
measured
reliably
in which case it is measured
at cost less impairment.
Investments
held for resale or pending
their sale and cash and cash equivalents
with a
matunty
date of less than
I year are treated as current asset investments
Stocks and work in Stocks held for sale as part cf non-chantable
trade are measured
at the lower or cost or		 net
progress realisable value.
Goods or services provided as part ofacharitable
activity are measured
at net realisable		 value
based an the service potential
provided
by items ofstock.
Notes to the acco
Year ended 31st		 unts
May 2021
(cont'd)
Work
in progress is valued at cost less any foreseeable
loss that is likely to occur on the		 contract Yea
No
ftla
CCCZ
Debtors Debtors (including
trade debtom and loans receivable) are measured
on initial recognition
at
sehlement
amount
after any trade discounts
or amount advanced
by the chanty.
Subsequently
they are measured
at the cash or other consideration
expected to be received.		 CZD
Current asset
investments		 The charity has has investments
which
it holds for resale or pending
their sale and cash
cash equwalents
with a maturity
date less than one year. These include cash on deposit
cash equivalents
with a maturity
date ofless than one year held for investment
purposes
than to meet short term cash commitments
as they fall due.		 and
and
rather		 CZD

Note 3 Anal ysis of income
Restricted
Unrestricted income Endowment
funds funds funds Totsi funds Prior year
Anal sis 2 9
Donations Donations and ifts 90,743 90,743 86,735
and legacies: Gift Aid 14,105 14,105 13,071
Le acies
Total 104,648 104,848 99,806
Income from Interest income 17,430 17,430 8,540
investments: Dividend income '
Total 17,430 17,430 . 8,540
TOTALINCOM E 122,278 122,278 108,346

unfsstrtctsd Unrsstrtctsd
Analysis funds Totsl funds funds Total funds
Ex enditure on raising funds: 6 2
Staging fundraising
events		 128 128 2,216 2,216
Other trading activities 7,126 7,126 2,981 2,981
Rent collection, property repairs and
maintenance charges 7,269 7,269 4,582 4.582
Total expenditure
on raising funds,		 '14t523 14,523. 9,779 9,779
Expenditure on charitable activities:
Travelling 3,181 3,181 23,182 23,182
Premises costs 7,270 7,270 7.454 7,454
Insurance 4,384 4,384 4054 4,054
Bank charges 105 105 125 125
Total expenditure
on charitable
activities 1,4,940 14940 34,815 34,815
Other
Acccuntanc 2980 2,980 2250 2,250
De reciaticn 538 538 538 538
Dcnaticns 30531 30531
Total other expenditure 34,049 34,049 2,788 2,788
TOTAL EXPENDITURE 63,512 63,512 47,382 47,382

Fixtures, fittings Fixtures, fittings Total
and equipment
At the beginning
of the year		 5,390
Additions
At end of the year 5,39'0' ' '':5;390'
6.2 Depreciation and impairments
**Basis SL SLor RB
**Rate 10%
At beginning of the year 1,913 1;913
Depreciation 539 '. 539
At end of the year 2,452 2,452
6.3 Net book value
Net book value at the beginning of the year ' 3,477 3,477'
Net book value at the end of the year 2,938 ,2,938

2021 2020
150,000
0 150,000

Amounts falling due
within one year
2021 2020
2
2,975 2,250
2,975 2,250

2021 2020
433,247 '' 223,217
433,247' 223,217